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The Latest Breaking News from OECD

Low-tax or high-welfare? The UK must decide what type of country it wants to be

Headlines about tax in the UK being at an all-time high abounded after the autumn budget. The current overall tax take, at 35% of GDP, is indeed a historic high for the country. And the measures announced in the budget will take it to 38% by the end of the…

The Conversation

Europe falls behind in AI adoption as Gen Z in emerging economies embrace it, OECD report

Generation Z and young millennials in the Global South are embracing AI at much higher rates than their European counterparts, according to a new survey from the OECD.

Euronews

Chinese economic slowdown at top of RBA's mind

Slowing Chinese economic growth and persistently high inflation are "top of mind" for the Reserve Bank of Australia.

AAP

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Keir Starmer to face PMQs amid continued Budget questions

The OECD has warned tax hikes and reduced spending will act as a ‘headwind’ to the UK economy over the next two years.

Evening Standard

Dollar Fades as Bond Yields Fall and Stocks Climb

The dollar index (DXY00 ) on Tuesday gave up an early advance and fell slightly by -0.08%. The dollar turned lower on Tuesday after T-note yields gave up an early advance, weakening the dollar's interest rate differentials. Strength in stocks on Tuesday was bearish for the dollar as it reduced...

Barchart

Dollar Firms With T-Note Yields

The dollar index (DXY00 ) today is up slightly by +0.05%. Higher T-note yields today are supportive of the dollar as the 10-year T-note yield rose to a 1.5-week high at 4.11%. Also, today’s action by the OECD to boost its US 2025 GDP forecast was supportive for the dollar....

Barchart

Stock Indexes Push Higher on Strength in Chip Makers

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.79%. December E-mini S&P futures (ESZ25 ) are up +0.28%, and December...

Barchart

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Despite US trade war, EOCD expects global economy will grow 3.2% this year

The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and U.S. economic growth this year

The Independent UK

AI bubble a "key downside risk" to U.S. economy, report warns

The OECD expects growth to slow and inflation to rise in the U.S. next year.

Axios

Stock Index Futures Gain as Investors Recover Risk Appetite

December S&P 500 E-Mini futures (ESZ25) are up +0.27%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.39% this morning, signaling a rebound from yesterday’s sell-off on Wall Street as investor risk appetite gradually returns at the start of December, a period that has historically been strong for markets.

Barchart

UK growth facing headwinds from tax hikes and spending cuts – OECD

The OECD said growth will slow to 1.2% next year, before edging up to 1.3% in 2027, with ‘substantial’ downside risks from fiscal tightening.

Evening Standard

Budget crisis engulfs Rachel Reeves as OBR watchdog slams Treasury briefings

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

Evening Standard

OECD warns Reeves higher taxes and spending restraint will limit consumer expenditure

UK economy will grow faster than France, Germany and Italy but slower than US next year, report predicts

The Guardian - UK

Fresh blow for Reeves as Labour’s anti-migration policies blamed for sluggish UK growth

Less than a week after her controversial Budget, Rachel Reeves has been warned that tax hikes and spending cuts will pile pressure on the UK economy in next two years

The Independent UK

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Euronews

How are teachers in Europe using AI in the classroom and which country uses it the most?

AI use among teachers varies widely across Europe, with some countries taking a more cautious approach. Most teachers use it mainly for preparation, and experts expect its use to grow, but caution that it must be used responsibly.

Saving Advice

The Silent Coup: How Global Treaties Override U.S. Banking Laws

Most Americans assume that U.S. banking laws are written and enforced solely by Congress and domestic regulators. In reality, international treaties and agreements often dictate...

Euronews

How climate change is growing into one of the biggest threats to Spain’s ‘resilient’ economy

Despite steady GDP growth, a new report warns Spain is among the European countries most 'exposed' to climate change.

International Business Times UK

Bitcoin Price Stays Above $91,000 as UK Faces 34-Day HMRC Crypto Tracking Deadline

UK crypto investors must comply with HMRC's mandatory transaction reporting from January 2026. Platforms will report all trades, as Bitcoin remains above $91,000 during market recovery.

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Benzinga

Oil Could Drop Below $50 If Russia-Ukraine Peace Talks Succeed, Goldman Sachs Says

Oil prices may plunge below $50 per barrel if a peace agreement between Russia and Ukraine lifts Western sanctions, triggering a gradual recovery in Russian oil supply and easing geopolitical risk premiums across energy markets, according to analysts at Goldman Sachs.

Bored Panda

40 Times T-Shirt Designs Had Such Hilarious English Phrases, The Designer Definitely Got “Lost In Translation” (New Pics)

Sure, English can be a tough language to learn, and everyone makes dumb mistakes from time to time. That being said, some errors are so hilariously bad that they deserve some time in the spotlight. And if you’re a counterfeit goods seller, you might get roasted a bit. The ‘Poorly…

The Conversation

Turkey will host the next UN climate summit – here’s how it plans to use its moment in the spotlight

In a break from tradition, the next major UN climate summit will be hosted by Turkey but chaired by a different country, Australia. This is the first split arrangement in three decades of these summits, known as “Cops”. The unusual deal, devised to avoid diplomatic tension, highlights new alliances to…

Euronews

Alcohol consumption: Who are the heaviest drinkers in the EU?

Most EU countries drank less between 2013 and 2023, but Portugal, Spain and Romania bucked the trend, with per-capita alcohol use climbing by two litres or more.

The Conversation

Meanjin was closed – but new Australian literary journals are springing up around the country

The recent, sudden closure of Meanjin has brought renewed attention to Australian journals: those hardy perennials that support Australian literature year in and year out. While the sector has been suffering for some time, new entrants in Adelaide’s Splinter and First Nations journal Sovereign Texts – and a resurrected Southerly…

The Guardian - AU

Climate of fear: are CSIRO’s sweeping job cuts a sign Australia doesn’t care about the extinction crisis?

Ever decreasing funding for the globally respected government agency mirrors an industry-wide trend that could hinder scientific breakthroughs

International Business Times UK

UK Border Stops £500m Fake Goods Influx — Guess Which Countries Are Leading the Charge?

A UK report reveals a £500m haul of counterfeit goods from China, Hong Kong, and Turkey, with criminals shifting to high-value fakes that threaten consumers and brands alike.

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